Instructor:
John D. Wong

Prerequisites:
Economics 201Q:  Principles of Macroeconomics 
Economics 202Q:  Principles of Microeconomics
Junior Standing
Economics 800:  Analysis of Economic Theory
Or, Public Administration 765: Public Sector Economics

Course Objectives:

• Understanding the relationship between market forces and the development of cities and regions
• Understanding the implications of central place theory for cities and regions
• Understanding the relationship between basic and non-basic sector of the local economy
• Understanding the use of location quotient analysis and shift-share analysis
• Understanding the implications of bid-rent theory for land use patterns in cities and regions

Course Description:
A survey of the economic structure and problems of urban areas on both the microeconomic and macroeconomic levels.  Stresses the application of regional economic analysis in the study of urban areas as economic regions.

Major Topics Covered:
Introduction and Axioms of Urban Economics
Understanding the Local Economy
Tools of Microeconomics
Market Forces in the Development of Cities
Land Rent and Urban Land Use Patterns
Local Economic Growth and Development
Urban Issues

Typical Textbooks and Readings:
Arthur O’Sullivan.  Urban Economics, Sixth Edition.  Boston: McGraw-Hill, 2007.

Edward J. Blakely.  Planning Local Economic Development: Theory and Practice, Second Edition.  Thousand Oaks, CA: Sage Publications, 1994.

Additional readings from Eva C. Galambos and Arthur F. Schreiber, Making Sense Out of Dollars: Economic Analysis for Local Government, Washington: National League of Cities, 1978.